No Tags Found!

Dinesh Divekar

Business Mentor, Consultant And Trainer

Umakanthan53

Labour Law & Hr Consultant

Madhu.T.K

Seasoned Ir Professional

KK

KK!HR

Management Consultancy

Vmlakshminarayanan

Sr.manager - Hr&admin

Saswatabanerjee

Partner - Risk Management

Drsivaglobalhr

Doctor Siva Global Hr

Nanu1953

Ceo-usd Hr Solutions

AU

Aussiejohn

Workplace Assessment And Training

Rkn61

Sr. Hr Manager

NV

Nagarkar Vinayak L

Hr And Employee Relations Consultant

Alok-singh1

Labour Laws & Ir.

NA

Nathrao

Insolvency N Gst Professional

Kumaracme

Hr Manager, A Leading Manufacturing Company

Srivastavacmlal

Master Consultant

Pan Singh Dangwal

Joint Manager

NK SUNDARAM

International Corporate Trainer / Hr (od) Consultant

R.N.Khola

Labour Laws & Ir

Bijay_majumdar

Freelancer In Hr &indirect Taxes For Services Indusrty.

Jeevarathnam

Sr Manager Hr & Compliances

Pvenu1953@gmail.com

Retired Government Servant/advocate

Ommygautam

Plant Hr Head

GL

Glidor

Hr Consultant

Loginmiraclelogistics

Asso.prof.(commerce & Management)

Suresh2511

Labour Consultant

SU

Sudhapradheep

Sr. Executive-hr

Ram K Navaratna

Hr Consultancy

PR

Pruthvi Raj

Hr Executive

KV

K VETTRIVEL

Human Resources Professional

DI

DilbaghSingh

Sr-executive Hr

HE

Hemagarud

Human Resource Manager

RE

Retukudo

Hr Manager

SH

Shyam1546pms

Bengaluru

HG

Himanshu Gupta

Hr Officer

VP

Veena@gem-paints.com

Senior Executive - Hr

MD

Moses Dhinakar Katari

Assistant Manager - Hr

HA

Hampson

Employee


jyotijha
Explaining what the terms like "rewards," "base pay" and "perks" mean in a pay system.

Compensation Philosophy:

Identifies target market position for competitive pay levels and articulates the company s commitment to motivating, and rewarding employee contribution and performance through the various elements of the company s total pay system.

Base Pay:

Pays for standard job duties, skills and results. Should be designed to reflect competitive rates for comparable jobs within identified marketplace.

Performance Based Variable Pay:

Designed to reward achievement of specific company and/or individual performance objectives. Payouts vary based on company and/or individual achievement.

Types of variable pay plans include:·

*Skill pay

*Incentive pay/bonus plans

*Commission

*Gain sharing/results sharing

Long Term Incentive Compensation:

Designed to reward long term company performance. Individual job level/performance may impact eligibility to participate. Can be an effective retention tool.

Benefits

Broad range of practices including health insurance, vacation, leave policies, and retirement and savings plans. Designed to address health and welfare needs of employees. Can send strong messages about company culture and values.

Perks & Non-Cash Rewards

Used to recognize exceptional contribution, performance, commitment to culture and values. Variety of methods including additional time off, tickets to events, trips, dinners, public recognition, etc.

Intrinsic Rewards·

*Performance Feedback Management ·

*Development Opportunities ·

*Work Environment

Processes used to communicate and align employee behaviors with business priorities and company values to achieve desired results. Play a significant role in successfully engaging full scope of skills and abilities within the workforce.Critical in retaining key talent.

From India, Bangalore
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Ed Llarena, Jr.
Owner/ Managing Partner

Ed Llarena, Jr.
89

Hi!
This is great!
What model are you using? The terms you used are your original concepts? Can you further define the big words you have enumerated in each of the topics that you mentioned, e.g. Performance Feedback Management, Development Opportunities, Work Environment, Total Pay System, etc.
Best wishes.
Ed Llarena, Jr.
Managing Partner
Emilla Consulting

From Philippines, Paraaque
jyotijha
Hi,
Thanks for your aprreciation!
The concept is an extract of following article:
" A Quick Breakdown of Strategic Pay
A rundown of merit increases, variable pay, non-cash rewards and more.
By Valerie L. Williams,
Stephen E. Grimaldi "
Regards,
Jyoti

From India, Bangalore
If You Are Knowledgeable About Any Fact, Resource or Experience Related to This Topic and Want to Be Part of our support system - Please Register and Log In to CiteHR.




About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2023 CiteHR

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server